Entries tagged "United Kingdom"
U.K. Business Secretary Peter Mandelson faced Wednesday one of his most challenging days since being recalled to the Cabinet in October from his post as trade commissioner at the European Commission to proffer heavyweight assistance to Prime Minister Gordon Brown as the economy plunged into recession. ...
U.K. government figures Friday highlighted the extent to which the credit drought and ensuing financial markets chaos has seeped through into the "real" economy as consumers worry about their pensions, mortgage payments and jobs, and small businesses struggle to secure funding. ...
Trouble in the housing market isn't just endemic of the U.S. The U.K.'s largest mortgage lender, HBOS plc, Thursday spooked investors ahead of its impending £4 billion ($7.8 billion) rights issue by issuing a gloomy prognosis of the U.K. housing market and saying more of its customers were falling behind with loan repayments. ...
The private equity fundraising trend continues. The latest pool to hold a close was U.K. lower midmarket fund Darwin Private Equity LLP, a firm set up by former investment professionals from Permira Advisers LLP and CVC Capital Partners. ...
Management and unions involved in large, high-profile bankruptcies are finally returning to the negotiation table. Although negotiaitions between bankrupt auto parts maker Delphi and the United Auto Workers started poorly, the two are sitting across from each other reportedly holding productive talks with the help of big brother General Motors. "And now that there are three of us at the table, we will get something done," Delphi chief Robert Miller said at the Automotive News World Congress. With labor at the table, Miller is certain he will not have to deliver on last year's threats to seek a court order...
